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OTE Group reported strong profitability in the second quarter of the year, with adjusted EBITDA rising 3% to €343.3 million.
The adjusted EBITDA margin increased to 40.1% from 39% a year earlier, while consolidated revenues stood at €855.8 million, remaining broadly stable due to the planned gradual phase-out of certain zero-margin international wholesale activities.
Excluding this impact, revenues increased by 8% year-on-year.
Positive momentum continued in mobile services, with service revenues increasing by 2.3%. Retail fixed-line service revenues recorded positive growth, rising 0.3% in the quarter.
